Good moment for Turkey to diversify its gas sources - expert

Good moment for Turkey to diversify its gas sources - expert

Baku, Azerbaijan, June 29

By Elena Kosolapova – Trend:

Turkey now has an appropriate moment to diversify its gas sources, senior fellow in Energy Policy at the Center for Eastern Studies in Warsaw, Agata Loskot-Strachota believes.

“Currently it is quite a good moment to look for new suppliers as global gas prices are low, there is abundance of gas and more and more LNG on the market and so increased amount of gas has increased gas competition,” Loskot-Strachota told Trend by email.

Yet in order to profit on that Turkey would need to be quick and effective in developing new infrastructure: LNG terminals, pipelines and storage facilities, the expert noted.

“And I am not sure if it is succeeding with the primary important step to increase its security of supply - expansion of storage capacities,” she said.

Moreover, Loskot-Strachota said that Turkey seems to have still rather limited LNG import capacities which makes it difficult to profit from new volumes of LNG available from US and Australia on the global level to Qatar on the regional level.

According to BP statistical review, gas consumption in Turkey hit 43.6 bcm in 2015, including 26.6 bcm imported from Russia. Moreover Turkey imported 7.8 bcm from Iran, 5.3 bcm from Azerbaijan, and 7.5 bcm LNG from other sources in 2015. Earlier, Turkish officials have repeatedly talked about the need to reduce dependence on Russian gas.

Loskot-Strachota noted that there was several alternative gas sources which may allow Turkey to reduce its dependence on Russian gas in future, but a number of issues should be solved to meet this goal.

In particular the expert believes an agreement on normalization of relations with Israel signed on June 28 might well serve enabling once Israeli gas exports to Turkey but it is not quite clear yet when and on what conditions it is feasible.

Moreover, there is option of some increase in Azerbaijani gas supplies to Turkey, she said, but then Turkey would be competing here with EU consumers.

Loskot-Strachota also noted that there of course is - although much more distant - option of Turkmen gas supplies - yet it needs sorting out several problems related to constructing optimal route for those gas reaching Turkish market via Caspian Sea or Iran.

In addition the expert believes that the new opening of the West relations with Iran creates longer term chances of increasing Iranian gas supplies to Turkey. But it would require though sorting out rather complicated Turkish-Iranian relations and huge investments in Iran itself, she noted.

Loskot-Strachota also said that to make any diversification of gas supplies in Turkey more effective a reform and liberalization of Turkish gas market would help - as it would enable genuine competition between different suppliers already and potentially reaching Turkish market.

However, the expert noted that there are signals of renewed interest of Turkey in cooperation with Russia and suggestions that Turkish Stream gas pipeline project could be revived - which in consequence rise question if Turkey indeed wants to diminish its dependency on Russian gas, or bets on increased interdependency in gas.

On June 27 Turkish President Recep Tayyip Erdogan sent a letter to his Russian counterpart in which he expressed deep regret for the incident with downed Russian air bomber in November 2015, which led to crisis in relations between two countries, and expressed profound condolences to the family of the Russian pilot who was killed in the accident. In his letter Erdogan also noted that Russia is Turkey’s friend and strategic partner, and the Turkish authorities do not want to ruin relations between the two countries.

Dmitry Peskov, a spokesman for Russian President Vladimir Putin assessed this letter as an important step towards the normalization of relations with Turkey. On June 29 the presidents of two countries held a phone talk and agreed on a private meeting.

Edited By SI

Follow the author on Twitter: @E_Kosolapova

Subscribe to Trend in Google News! Subscribe
Over 600 COVID-19 patients in Kazakhstan in critical condition
Over 600 COVID-19 patients in Kazakhstan in critical condition
1,900 new COVID-19 cases reported in Kazakhstan
1,900 new COVID-19 cases reported in Kazakhstan
Kazakh energy minister names reasons for shutdown of Pavlodar refinery
Kazakh energy minister names reasons for shutdown of Pavlodar refinery
Loading Bars
UK to fund new nuclear power station as part of net zero drive
Former U.S. president Clinton released from hospital
U.S. administers 408.3 mln doses of COVID-19 vaccines - CDC
French ambassador leaves Belarus - embassy
Google dedicates doodle to Azerbaijan's Restoration of Independence Day
Chronicles of Victory: President Aliyev announces that Azerbaijan's armed forces raise Azerbaijan's flag over ancient Khudaferin Bridge (VIDEO)
Chronicles of Victory: October 18, 2020
Georgian CEC calls on public to participate in October 30 municipal run-offs
Turkey expresses interest in expanding activities of Turkish companies in Kyrgyzstan
Helicopter crash kills three in Germany
As soon as possible, we will return to their native lands IDPs who lived in suffering for 30 years - Azerbaijani president
Heydar Aliyev did not allow holding of referendum on preservation of Soviet Union in Nakhchivan - President Aliyev
Celebrating October 18 solemnly or thanking someone for it is absolutely inappropriate, says Azerbaijani president
UK records more than 40,000 COVID cases for fifth day in a row
Cargo movements in Iran’s Qeshm port up
Amendments related to national holidays completely correspond to historical realities - Azerbaijani president
First VP of Azerbaijan makes Instagram post after meeting with heroes of Second Karabakh war (PHOTO)
Georgia faces fifth Covid-19 wave, observing recommendations much needed, NCDC Head says
UNHCR opens alternative route of aid to Afghanistan via Uzbekistan
Azerbaijan allocates funds for construction of Fuzuli Memorial Complex
Master plans of Zangilan, Gubadly, Kalbajar and Lachin being developed - Azerbaijani president
Azerbaijani economy grows by about 5%, non-oil economy by 20% over 9 months - President Aliyev
Large settlement will be created based on "smart village" concept in village of Dovletyarly - Azerbaijani president
We significantly brought closer day of IDPs return to their homelands - President Aliyev
Projects under implementation in Fuzuli show our determination and potential - Azerbaijani president
We will restore Fuzuli city, settlements of Fuzuli district - President Aliyev
Every person who visits Fuzuli becomes witness of Armenian vandalism and no one can deny this, says Azerbaijani president
This glorious victory will forever remain in history of Azerbaijan - President Ilham Aliyev
After liberation of Fuzuli, cases of desertion in Armenian army became even more widespread - President Aliyev
After Fuzuli was liberated it created more opportunities to move towards Shusha - President Aliyev
President Ilham Aliyev and First Lady Mehriban Aliyeva view conditions created at Fuzuli International Airport
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,896 more COVID-19 cases, 764 recoveries
Azerbaijani president, first lady meet with members of Fuzuli district's general public (PHOTO)
Azerbaijani president, first lady view conditions created in Fuzuli Central City Park, plant trees there
President Aliyev lays foundation for Digital Substation Management Center in Fuzuli
President Ilham Aliyev lays foundation stone for Fuzuli Memorial Complex, city of Fuzuli
Liberation of Fuzuli during war was very important - President Ilham Aliyev
October 17 will forever have special place in history - President Ilham Aliyev
President Aliyev lays foundation stones for Fuzuli-Aghdam highway and new “smart village” in Fuzuli (PHOTO)
President Ilham Aliyev and First Lady Mehriban Aliyeva visit Fuzuli district (PHOTO)
Ukrainian MPs visit Ganja where cilivians died as result of missile attacks by Armenia (PHOTOS)
Iran reveals COVID-19 data for October 17
BSEC SG to visit Georgia today
Over 600 COVID-19 patients in Kazakhstan in critical condition
Energy Community highlights leading energy projects implemented in Georgia
First concert of Azerbaijan's trio under leadership Isfar Sarabsky takes place as part of European tour (PHOTO/VIDEO)
Buy/sell operations at Iran Mercantile Exchange soar
Graduation ceremony of Azerbaijani servicemen participating in courses held in Turkey
Heavy rains lash India's Kerala, red alert sounded in 5 districts
Share of households with internet access increases in Georgia
Seventeen U.S. missionaries and family kidnapped in Haiti
Iranian private investments in Tajikistan expected to grow
1,900 new COVID-19 cases reported in Kazakhstan
IRICA unveils data on exports of Iran to Belarus
Azerbaijan national team takes second place at Grand Slam judo tournament
8 killed, over 20 injured in traffic accident in Peru
1 deputy killed, 2 injured in "ambush shooting" in U.S. Texas
Israel's active COVID-19 cases below 20,000
At least 6 dead, 1 missing after ship sinks in Brazil
Azerbaijani Foreign Ministry shares publication in connection with anniversary of Armenia's missile attack on Ganja
Information about firing of Azerbaijani army in direction of Arazdeyen does not reflect truth - Ministry of Defense
Sudan protest calls for military coup as political crisis deepens
Chronicles of Victory: President Ilham Aliyev addresses the nation on October 17, 2020 (PHOTO/VIDEO)
Chronicles of Victory: October 17, 2020
District Election Commissions to sum up protocols of municipal polls in Georgia
A working meeting of the delegations of Uzbekistan and Afghanistan takes place
Russian authorities say 18 dead in suspected alcohol poisoning in Yekaterinburg
UN chief welcomes unilateral cease-fire in CAR
Iran’s Bahar Azadi gold coin price continues to rise
Work on increasing wages, pensions and benefits begins - Ministry of Finance of Azerbaijan
Official talks reasons for increase in gas prices in Azerbaijan
Post-conflict reconstruction projects launched by President Ilham Aliyev is unprecedented - Aide to President (VIDEO)
Azerbaijani IDEA signs agreement with All-Russian Society for Nature Conservation (PHOTO)
Saudi Arabia's PIF launches offshore platform tourism project
NATO Special Representative for Caucasus to visit Azerbaijan
Iran's Energy Exchange announces products to be on sale on October 17
Iran reaches grow in exports to Kyrgyzstan
World gas prices grow by 20-30 times compared to last year - SOCAR
Latvia to gift Georgia 83,070 doses of Pfizer jab
Earthquake hits southern Iran
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,681 more COVID-19 cases, 675 recoveries
South Caucasus countries need to coordinate to open communications - Pakistani diplomat
Azerbaijani President Ilham Aliyev signs decree on raising social payments
Iran reveals COVID-19 data for October 16
Uzbekistan to privatize public park in Tashkent
Muslims all together sympathetic with Azerbaijan - Palestinian ambassador
Iran's exports to Kazakhstan up
SOCAR Georgia Gas opens tender on pickup trucks through operating lease
Turkish president and German chancellor holding talks in Istanbul
Novak does not rule out recurrence of energy crisis in Europe, urges its prevention
Azerbaijani official talks victims of Armenian attacks on Tartar during Second Karabakh War
Centuries needed to revive nature of Azerbaijan's Karabakh - minister
Azerbaijan raises electricity and gas prices
Restoration work in Azerbaijan’s liberated territories show positive trend – Kyrgyz ambassador
Over past 25-30 years, no country independently conducted such large-scale reconstruction in post-conflict period - aide to Azerbaijani president
Armenia must take serious and positive steps to open communications - Azerbaijani president's assistant (Exclusive)
Azerbaijan looks to sign document on demining liberated territories with France
Azerbaijan's Air Defense Units carrying out combat firing exercises (VIDEO)
All news